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On November 6, 2023, Global Petroleum Limited received a proposal from Mr Omar Ahmad, a 5.04% shareholder. The proposal is to remove the company's CEO, Chairman, and one Non-Executive Director, and replace them with three new directors. The Global Board is currently engaging with Mr Ahmad's representatives regarding this proposal.
| Date | 6 Nov 2023 |
| Time | 14:28:57 |
| Category | Miscellaneous |
| ID | 5298S |
6 November 2023
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Global Petroleum Limited
("Global" or "the Company")
Shareholder Proposal
The Company has received a proposal by Mr Omar Ahmad, who is a 5.04% shareholder in the Company, to remove the CEO, Chairman and a Non-Executive Director of the Company and replace them with three new directors, with a view to taking the Company forward ("the Proposal").
The Global Board is having positive collaborative engagement with Mr Ahmad's representatives in relation to the Proposal and a further announcement will be made in due course.
For further information please visit: www.globalpetroleum.com.au or contact:
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Global Petroleum Limited |
+44 (0) 20 3 875 9255 |
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Peter Hill, Managing Director & CEO Andrew Draffin, Company Secretary |
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Panmure Gordon (UK) Limited (Nominated Adviser & Joint Broker) |
+44 (0) 20 7886 2500 |
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John Prior / Freddie Twist Corporate Broking: Hugh Rich |
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CMC Markets (Joint Broker) Tom Curran/Thomas Smith |
+44 (0) 20 7170 8200 |
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Tavistock (Financial PR & IR) Simon Hudson / Nick Elwes |
+44 (0) 20 7920 3150 |